Generali to Take Full Control of GPH

By

Giovanni Legorano

Jan. 8, 2013 3:19 a.m. ET

MILAN—Assicurazioni Generali SpA will buy the stake it doesn't already own in Generali PPF Holding, the insurer said Tuesday, as part of a strategic review launched in August by its new chief executive, Mario Greco.

The Italian insurer said it would pay €2.5 billion ($3.28 billion) in a two-stage deal to be completed by the end of 2014. It will buy 25% of GPH by March 28 for €1.286 billion and the remaining 24% at the end of 2014 for...